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Texas gas well

Producing

PRESERVE CASTLE

Preserve Castle is a gas well in Washington County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.

1 well

823,437mcf gas, last 12 months−32% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Washington County
Field
Giddings (Austin Chalk-3)
RRC lease
03-297839

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Where it sits

This county

Washington CountyWashingtonFayetteBrazosBurlesonLeeAustinWallerGrimesMilamWashington County
Washington County
Oil, last 12 months
51,845 bbl
Gas in Jul 2026
63,906 mcf

Production by month

Gas output fell 32% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 32% over the last 12 monthsMonthly gas production and oil for PRESERVE CASTLE, Feb 2024 to Jul 2026. Gas output fell 32% over the last 12 months. 823,437 mcf in the 12 months through Jul 2026, against 1,213,928 mcf in the 12 months before.Last 12 months: 823,437 mcfmcf per monthbbl per month0050k5,000100k10k150k15k200k20k250k25kApr 24JulOctJan 25AprJulOctJan 26AprJul
Gas output fell 32% over the last 12 monthsMonthly gas production and oil for PRESERVE CASTLE, Feb 2024 to Jul 2026. Gas output fell 32% over the last 12 months. 823,437 mcf in the 12 months through Jul 2026, against 1,213,928 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month0050k5,000100k10k150k15k200k20k250k25kJul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

96% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
96% of the gas went to a transmission line in the last 12 monthsShare of PRESERVE CASTLE gas by disposition code each month, Feb 2024 to Jul 2026. 96% of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Apr 24JulOctJan 25AprJulOctJan 26AprJul
96% of the gas went to a transmission line in the last 12 monthsShare of PRESERVE CASTLE gas by disposition code each month, Feb 2024 to Jul 2026. 96% of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    96% · 793,407 mcf

  • Lease fuel (1)

    3.5% · 28,799 mcf

  • Flared (4)

    0.1% · 1,231 mcf

0.1% of the gas flared in the last 12 months. No month above 3%.

1 well on this lease

Wells on PRESERVE CASTLE
API numberWell no.Status
42-477-31269H 02DPActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Enterprise Crude Oil LLCCondensateGathers34Feb 26, 2024
Energy Trans Crude Marketing LLCCondensateGathers33Feb 26, 2024
Shell Trading (Us) CompanyCondensateGathers33Feb 26, 2024
Amp Texas Pipelines, LLCGas-well gasBuys100Feb 26, 2024
Amp Texas Pipelines, LLCGas-well gasGathers100Feb 26, 2024

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

1,602.72 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Preserve Castle
API numberWell no.Acreson the permit
42-477-31269H 02DP1,602.72

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

What Magnolia Oil & Gas Corporation told investors it received

Magnolia Oil & Gas Operating LLC is linked to Magnolia Oil & Gas Corporation (MGY).
Realized prices reported by Magnolia Oil & Gas Corporation
QuarterOil$ per bblFiling
Q2 2026$98.13SEC filing
Q1 2026$70.29SEC filing
Q3 2025$63.55SEC filing
Q2 2025$62.20SEC filing
Q1 2025$69.81SEC filing
Q3 2024$74.23SEC filing

SourceMagnolia Oil & Gas Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

30 months, newest first

Ledger for PRESERVE CASTLE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,1493,12163,90661,247106$80.46$2.89
Jun 20263,3573,36961,31758,903163$84.81$3.15
May 20263,6133,74066,32163,90259$102.13$2.94
Apr 20263,5313,50767,25164,82642$100.32$2.77
Mar 20264,1564,17273,92271,18221$91.38$3.04
Feb 20263,9593,87568,58765,467395$64.51$3.62
Jan 20263,8713,88368,33765,580232$60.04$7.72
Dec 20254,6824,70075,03372,30455$57.97$4.26
Nov 20255,1135,05875,63473,21732$60.06$3.79
Oct 20256,0176,05370,89368,56259$60.89$3.19
Sep 20255,3785,36967,56565,50236$63.96$2.97
Aug 20255,0194,85364,67162,71531$64.86$2.91
Jul 2025138000$68.39$3.20
Jun 20252,5032,54734,56233,56028$68.17$3.02
May 20256,6516,66692,43290,41960$62.17$3.12
Apr 20256,5796,59996,37994,31271$63.54$3.42
Mar 20257,4217,407104,600101,8701,304$68.24$4.12
Feb 20256,1606,25792,32390,0651,222$71.53$4.19
Jan 20258,2718,119119,550116,9481,721$75.74$4.13
Dec 202410,12010,154142,100141,19732$70.12$3.01
Nov 20245,8256,19775,92975,041200$69.95$2.12
Oct 202411,32911,153153,451152,354403$71.99$2.20
Sep 20249,5799,489134,155134,07519$70.24$2.28
Aug 202413,27813,432168,447168,4304$76.68$1.99
Jul 202413,71313,804173,392172,857103$81.80$2.07
Jun 202417,56717,397205,421204,63977$79.77$2.54
May 202421,50321,729232,570231,722125$80.02$2.12
Apr 202424,44424,227249,928248,722547$85.35$1.60
Mar 202421,69821,619209,590208,480569$81.28$1.49
Feb 20241,1018869,3519,194132$77.25$1.72

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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This lease belongs to

OperatorMagnolia Oil & Gas Operating LLCFieldGiddings (Austin Chalk-3)CountyWashington County

Magnolia Oil & Gas Operating LLC in Washington County

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